Notes 6-10
For the half year ended 30 June 2008
- 6. Segmental analysis
- 7. Taxation
- 8. Ordinary dividends
- 9. Earnings per share
- 10. Analysis of cash flows
7. Taxation
The Group tax rate on Headline PBT1 is 26.0% (30 June 2007: 26.9% and 31 December 2007: 25.0%).
The Group tax rate on Reported PBT is 29.9% (30 June 2007: 30.9% and 31 December 2007: 28.4%).
The tax charge comprises:
| Six months ended 30 June 2008 £m |
Six months ended 30 June 2007 £m |
Year ended 31 December 2007 £m |
|
|---|---|---|---|
| Current tax | |||
| UK Corporation tax at 30% | |||
| Current year | (0.8) | 11.0 | 27.5 |
| Prior years | 2.1 | 2.4 | (57.9) |
| 1.3 | 13.4 | (30.4) | |
| Foreign tax | |||
| Current year | 92.5 | 84.7 | 212.9 |
| Prior years | 10.0 | (3.2) | 5.7 |
| 102.5 | 81.5 | 218.6 | |
| Total Current tax | 103.8 | 94.9 | 188.2 |
| Deferred tax | |||
| Current year | (2.6) | (4.0) | 16.1 |
| Tax charge | 101.2 | 90.9 | 204.3 |
1 Headline PBT is defined in note 19.